Political decisions in the US have a global impact

Because a growing world population has put pressure on the demand for food, prices will rise moderately over the next 40 years, says Kuben Naidoo (Reserve Bank governor Gill Marcus’s advisor), speaking at the Agri SA Congress today.

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He added that poor job growth was due to mass job shedding in agriculture and mining.”‘Since the early 90s, agriculture has shed about 1,5 million jobs,” said Naidoo.

He also spoke about the current US economic situation. “Bad US political decisions impact negatively on world economy.”

Another key speakers scheduled to talk at the congress is The Minister of Agriculture, Forestry and Fisheries, Tina Joemat-Pettersson who is to speak on a competitive agricultural sector as a prerequisite for food security.

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The Minister of Home Affairs, Naledi Pandor will discuss the need for co-operation with the National Population Registration Campaign.